Generative AI In Banking Questions
1.What is the key difference between Generative AI and discriminative AI?
Answer: Generative AI creates new content, while discriminative AI classifies existing content
2.Generative AI has potential applications in managing portfolios by analysis in , , and __ in portfolio management
Answer: market trends
3.Applying AI and intelligent automation solutions to automate tasks can reduce costs through improved efficiency and quality. Is the statement true or false?
Answer: True
4.What are some of the potential benefits of Generative AI?
Answer: All the above
5.Gen-AI models can convert?
Answer: Audio/Video to text, Text to audio, Text to image
6.Machine learning models can estimate CLV and predict customers’ propensity to churn based on their profile and transaction data. CLV in this context stands for?
Answer: customer lifetime value
7.__ answers fundamental questions like “How do I open a recurring deposit?”
Answer: Chatbots
8.__ has built a tool to help RMs deliver relevant ideas to customers in real time
Answer: Goldman Sachs
9.The market value of AI in BFSI market was over __ at the end of 2022?
Answer: 55 million US dollars
10.Some of the examples of deep learning models are?
Answer: RNN,CNN
11.Nordea enhances AI chatbot to scale _
Answer: customer service
12.LLM stands for?
Answer: Large language models
13.Generative AI analyzes the customer’s financial history and assists with?
Answer: Credit scoring
14.How can AI help in banking fraud analytics?
Answer: Detect fraud in real time
15.Which of the following emerging use case of Gen AI allows you do banking operations using body emotions?
Answer: Payment with a smile
16.Can AI be used to automate debt collection in conversational AI mechanism?
Answer: Yes
17.Why are new-gen deep models so special?
Answer: Multi-purpose learning, Greater accuracy, Less contextual understanding, Train and process fast
18.Some of the examples of Gen AI models are?
Answer: PaLM, Codex, BeRT, GPT
19.Generative AI can assess credit risk by analyzing
Answer: borrower’s financial history, credit scores
20.Which American bank is using AI and Metaverse to train new hires?
Answer: Bank of America
21.It is not important to identify and anticipate cyber attacks before they occur
Answer: False
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Generative AI In Banking Questions
Generative AI In Banking Questions
Generative AI In Banking Questions
Generative AI In Banking Questions
Generative AI In Banking Questions
